Sri Lankan custom officers on Tuesday destroyed 45 kilograms (99 pounds) of rare bird nests that are considered a delicacy in China and have a street value of nearly half a million dollars.

The Sri Lankan government on Tuesday handed over financial compensation to families of migrant workers who had died or become disabled while being employed in foreign countries.

European Council President Donald Tusk has pledged the Council’s fullest support to regain the Generalized System of Preferences plus concession for Sri Lanka.

Sri Lankan Airlines - the national carrier of the island nation - will take over all the services of Mihin Lanka, the subsidiary of the airlines, effective from October 30.

Sri Lanka has given priority to Chinese investors willing to invest in US$10 billion Hambantota Development project to be implemented in the Southern Province.

Seylan Bank PLC expects state support due to its state holding - which came about in the aftermath of the bank's crisis in December 2008 - and a higher share of banking-sector deposits relative to some peers, Fitch Ratings, International ratings agency predicted.